Is 19023, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19023 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19023 has remained a Seller's Market.

Key Takeaway

19023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19023, PA

How much do homes in 19023, PA cost?

Median Sold Price

$179,300

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,300(+5.5%)

Key Takeaway

Homes in 19023 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 19023 was $179,300 in October 2024, up 5.5% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K-
N/A
2 $112K$134K
+19.6%
3 $169.9K$179.9K
+5.9%
4 $220.5K$205K
-7.0%
5+ $140K$187K
+33.6%

Summary: 19023 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 33.6%.

Median Sold Price Compared To Nearby Zip Codes

19050
+12.9%
19079
+8.1%
19018
+5.8%
19023
+5.5%
19142
-7.7%

Housing Supply in 19023, PA

How many homes are available in 19023, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6775+11.9%

Summary: The 19023 real estate market had 75 homes for sale in October 2024, a 11.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 4554
+20.0%
4 1412
-14.3%
5+ 34
+33.3%

Summary: The 19023 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1216+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19023, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 19023 in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.

Days on Market for 19023, PA

How long does it take to sell a home in 19023, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days20 Days+10.6%

Summary: Homes in 19023 had an average of 20 days on market in Oct 2024, up by 10.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19023 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 19023; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 19023, PA

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